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Suppose, you are evaluating an investment which will earn you $12,500, $10,000, $7,500, $5,000, and $0 at the end of first, second, third, fourth, and
Suppose, you are evaluating an investment which will earn you $12,500, $10,000, $7,500, $5,000, and $0 at the end of first, second, third, fourth, and fifth year, respectively. How much should you pay for this investment if you expect to earn an annual return of 5% compounded monthly?
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